| Shareholder | Nationality | # of shares | Stake % | | Xegas AS | Norway | 10 940 984 | 18.84 | | Lindir Resources HF | Iceland | 6 648 339 | 11.45 | | Spindrift c/o Wellington | US | 5 614 286 | 9.67 | | R-ships | Norway | 5 369 504 | 9.25 | | L Gill-Johannesen AS | Norway | 4 173 612 | 7.19 | | Inoil AS | Norway | 3 738 318 | 6.44 | | ONS Invest AS | Norway | 3 255 806 | 5.61 | | Torstein I. Tvenge | Norway | 2 640 000 | 4.55 | | Galena Asset Mgmt | Switzerland | 2 460 000 | 4.24 | | Redsquare Invest & Ass | Iceland | 2 380 952 | 4.10 | | Bras Kapital AS | Norway | 1 937 600 | 3.34 | | MP Pensjon | Norway | 1 200 000 | 2.07 | | Wang Associated comp. | Norway | 872 042 | 1.50 | | Stratel AS | Norway | 660 000 | 1.14 | | Other Icelandic | Iceland | 3 361 388 | 5.79 | | Other Norwegian | Norway | 2 806 967 | 4.83 | | Total 111 shareholders | | 58 059 798 | 100.0 |
Note: as of January 2010 |
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